FTX.US Rolls Out Stock Trading to All U.S. Users
Company President Brett Harrison on Wednesday tweeted that FTX.US has opened up its long anticipated stock trading for users in all 50 U.S. states.
FTX Stocks is now live for US users!
Residents of all 50 states (yes, including NY!) as well as PR and USVI can sign up.
Trade hundreds of stocks and ETFs from both the web (https://t.co/dNB6shHp9j) and the FTX US Pro mobile app.
Feedback welcome! pic.twitter.com/hwzg2aTS0t
— Brett Harrison (@Brett_FTX) July 27, 2022
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He added that the cryptocurrency exchange will now allow all users to trade hundreds of stocks and exchange-traded funds online or through the FTX.US Pro mobile app.
The U.S. arm of the Sam Bankman-Fried led FTX exchange, which in a beta test rolled out the feature to a select group of customers in May, said it would not charge fees or profit from trades like Robinhood (HOOD), which got scrutinized for its pay-per-order flow business model.
In June, Harrison, explained in a long Twitter thread, how the stock and crypto markets move in similar fashion. The FTX Chief detailed that the same big players involved in equities are also operating in the crypto markets.
In the same month, FTX.US acquired equity clearing firm Embed Financial Technologies to provide its application programming interface (API) and brokerage services to the platform.
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Source: igaming
